INVESTMENT TRADE AND GDP LINKAGES IN BRICS ECONOMIES

The BRIC nations of Brazil, Russia, India, and China are home to over 42% of the global population, or about 3 billion people. India and Brazil are two of the four with above-average birth rates. Together, the BRIC countries accounted for 25.6% of world GDP in 2015. There are several compelling reasons to examine the economies of the BRIC nations. These include their high rates of economic development, sizable populations, and rapidly expanding marketplaces for products and capital. The effects of globalization on the growth and development of the BRIC economies, including migration, trade, and foreign investments, are examined. This article uses quantile regression to examine how foreign direct investment and economic freedom affect growth in the BRICS nations. We find that FDI influences GDP per capita favorably via economic freedom.